Global calorimeters and thermal analysis equipment market is poised to exceed $539 million by 2012. Consumables, life sciences, drug discovery and automation of analytical tools are few lucrative areas that are expected to drive the industry's growth in the coming years.
San Jose, CA (PRWEB) November 10, 2008 -- Economic trends, mergers & acquisitions in the industry, issues related to safety and security and software enhancements are vital factors that directly influence growth in the marketplace. Increasing usage of electronics in recent times acts as a key catalyst for thermal analysis tools. Electronics designers are forced to address thermal issues, as power consumed by electronics is directly transformed into heat. As stated by the recent report published by Global Industry Analysts Inc, United States and Europe dominate the world market for calorimeter and thermal analytical equipment together capturing a 71% share as estimated in 2008. Fastest growth for calorimeters and thermal analysis equipment is likely to emanate from the Asia-Pacific region, which is expected to expand at a CAGR of 4.8% over the years 2011 through 2015.
Asia-Pacific market for calorimeters is expected to rise by about US $1.1 million over the period 2008 to 2012. Global market for Bomb Calorimeters, the largest product segment within Calorimeters is expected to reach US $55 million by 2012. Increased inclination towards biomass as a source of energy is expected to boost future prospects of bomb calorimeter market. Global market for '/>"/>
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